Bank Of America May Require 40% Down For Daytona Beach Condo Purchases
General, Real Estate, Condos, Luxury Real Estate, Daytona Beach, Riverfront, Real Estate Update
Lending guidelines at Bank Of America may get even more strict next month. I was just informed that Bank Of America will require 40% down for a condo purchase in Daytona Beach. This may not be 100% accurate and I'm trying to verify this information right now.
This will not help the Daytona Beach condo market! There are very few buyers that have 40% to put down on a condo purchase. I'm hoping that this new policy does not apply to all condo purchases and only applies to buyers with damaged credit. I will update this post when I have more information.
Date: Tuesday, February, 26th 2008 @ 12:53:20 PMViews: 162
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